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, but those in europe may soon have to consider something else, a new tax. ai uchida is here to tell us all about it. so ai, what's the purpose? >> like all taxes, catherine, it is a form of revenue, but it's also aimed at preventing some of the big banking blunders we have seen recently. leaders in 11 of the 17 eurozone nations have approved the new tax on financial transactions. the aim is to tighten the regulation of financial institutions and curb speculative trading on stocks and other securities. >> today's agreement to allow 11 member states to move ahead with harmonized financial transaction tax is a major milestone. >> the leaders of germany, france, and spain joined the agreement. commission officials say this will be the world's first financial levy at a regional level. the next step is to submit a bill specifying what transactions will be taxed at what rates. the new tax could take effect as early as next year. but leaders in britain and the netherlands oppose the levy. their countries are home to many financial institutions. >>> separately, the leaders of france and germany hav
netanyahu reelected. what's interesting a contentious talks on financial transactions. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addr
together school? mr. obama demands of will to pay their fair share of taxes but he is just another elitist hypocrite when it comes to his fair share of security. protection for his kids and gun- free zones for hours. -- for ours. >> at the white house, and jay carney called the ad cover the. the nra says that the ad is not aimed at anyone's child in particular. anyone who says otherwise is changing the topic and missing the point. sales have gone through the roof. can the president moving mountain this time around? >> no, and it is true public opinion has changed, there is more desire for gun control than ever but i do not think congress will budge on the big stuff. what the nra did was odious. i think the president is on the high ground, but he will not get real gun-control done. >> the 23 executive actions were fairly trivial, nothing major about it. i think it will not have any effect. it was the appearance of motion. the three big items on the table for the congress, assault weapons ban, limit on the size of the magazine clip, and universal background checks -- the last one has very st
more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen. traders have seen rates drop to a five-year low. that's provided a brighter outlook for the american economy. the consumer price index dropped in december for a second month running as well. the euro is trading higher and that's being quoted at 120.77 to 79 against the yen. now to stocks. a weaker yen is prompti ining inverinver investors to buy. let's take a look at other markets in the asia pacific region. the kospi is trading lower by half a percent. in australia the benchmark index is trading higher by .4 of a percent. german chancellor expressed concern. her remarks suggest that japan's efforts could be regarded
taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and tomorrow, we will continue the discussion over the role of the central bank's -- banks now and in
we can to build trust in that institution so that when it does make tough decisions on taxes, on spending, on energy policy, that america has some credibility that we got it more right than wrong. >> tell me about the lobbyists. who are these people? >> well, the problem with lobbyists, a lot of them come off the hill, a lot of them come out of congress. many members of congress leave the capital and go to k street. and it's a real reflection of how money has overtaken politics. and the real problem with that system is not the individual lobbyists. a lot of times they'll have legitimate points to present to members of congress. the problem is the amount of money that lobbyists represent. and what tends to happen in congress is that the concerns of those lobbyists, the concerns of amgen, become much more of the topic of discussion, debate, and resolution than the concerns of middle america, the concerns of the farmers. you know, in congress, we didn't even vote in the house on a farm bill. this is the first time in the history of this country where a house agriculture committe
Search Results 0 to 5 of about 6